Eskom begins load shedding again
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The state-owned power utility is running on empty after forking out billions of rands to power up the grid with costly diesel. The only options appear to be a government bailout – in the form of a cash injection – or further guarantees, or severe load shedding.
As the utility struggles to keep the lights on, open-cycle gas turbines are guzzling diesel and Eskom will be cashless in a matter of days.
Eskom said it used 140-million litres of diesel in November. The utility would not say what it paid per litre of diesel but said it cost on average R1-billion a month at present. Monthly revenues are R10-billion but this has to cover other costs.
As the utility struggles to keep the lights on, open-cycle gas turbines are guzzling diesel and Eskom will be cashless in a matter of days.
Eskom said it used 140-million litres of diesel in November. The utility would not say what it paid per litre of diesel but said it cost on average R1-billion a month at present. Monthly revenues are R10-billion but this has to cover other costs.
